Refer to the financial statements of The Home Depot in Appendix A at the end of this book, or download the annual report from the Cases section in the Connect library.

Required:
1. How much does the company report for Cash and Cash Equivalents, and Restricted Cash (in millions) at February 2, 2014?

a. $1,929 and $228
b. $2,494 and $0
c. $2,494 and $228
d. $1,929 and $0

2. Accompanying the financial statements are reports issued by management and an independent registered public accounting firm regarding the company’s internal control. According to these reports, did the company maintain effective internal control over financial reporting?

a. Management concluded: yes; independent registered public accounting firm concluded: yes.
b. Management concluded: yes; independent registered public accounting firm concluded: no.
c. Management concluded: no; independent registered public accounting firm concluded: yes.
d. Management concluded: no; independent registered public accounting firm concluded: no.

Data From Appendix A: